Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

Buyers of flat steel in Turkey held back from making purchases this week, largely because of uncertainty over the direction of prices caused by rising scrap values while China is away for its New Year holiday, sources told Fastmarkets.Demand was only moderate during the week because stock levels were high. they added."The steel sector is like a bus. The driver is China, and half of the passengers...Read More

Domestic prices for hot-rolled coil in Northern Europe moved up day on day on Friday February 12 due to good demand and long lead times, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?720.00 ($873.17) per tonne on Friday, up by ?,?3 per tonne from ?,?717 per tonne on February 11.The index was also up by ?,?10 per tonne we...Read More

Indian secondary billet prices were supported higher in the week to Friday February 12 by increased demand and a resurgence in prices of finished products. The Indian secondary billet market had been slipping since the second week of January, before rising by around $15 per tonne in the latest assessment period. Fastmarkets' price of steel billet domestic, ex-works India was up by 1,100 rupee...Read More

With Greater China on holiday, base metals trading on the London Metal Exchange has been quiet this morning, Friday February 12, with prices little changed and trading volumes light - but so far prices are holding up in high ground.The outlook for metals demand is strong, but it could be derailed by the global semiconductor shortage.Base metalsThree-month base metals prices on the LME were mixed t...Read More

American Express (AXP), a Dow Jones Industrial Average stock moved above $129.54 extending an intermediate uptrend.  Next Tech Talk reportNext report is scheduled for release on Tuesday February 16th. Monday is Presidents' Day in the U.S. and a partial holiday in Canada.Pre-opening Comments for Friday February 12thU.S. equity index futures were lower this morning. S&P 500 futures were dow...Read More

Global prices on the key scrap markets have rebounded in the working week to Friday February 12 after Turkey returned to the market to book cargoes at higher prices.Turkey returns to market at higher pricesUS market ends two-week dry spellTaiwanese importers look for material on market reboundIndian prices boosted by Turkey's return to market.TurkeyTurkish mills did not return to the deep-sea mark...Read More

Brazil's pig iron export market softened during the week to Friday February 12 on lower bookings from the United States.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $470 per tonne on Friday, down by $10 per tonne from $480 per tonne a week before.A new sale was heard to the US...Read More

The cost of austenitic alloy steel scrap in Europe increased during the week to Friday February 12 because of higher nickel costs and an ongoing shortness of supply, sources told Fastmarkets.Fastmarkets' weekly price assessment of stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?1,130-1,180 ($1,562-1,631) per tonne on Friday, an increase of ?30 per tonne week on week from...Read More

The price of shredded steel scrap imported into India and Pakistan moved up in the week to Friday February 12 with sentiment turning positive, sources have told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $415.11 per tonne on Friday, up from $408.73 per tonne one week earlier.Several deals were heard for shredded material at the star...Read More

A summary of Swedish state-owned iron-ore producer LKAB's financial results for the fourth-quarter and the full year 2020. In brief Improved demand for both steel and for iron ore in the fourth quarter 2020 in the EU and Middle East and North Africa (MENA) had a positive effect on LKAB's deliveries to Europe.EU steelmakers have increased production and brought back idled capacity, although the ma...Read More

The price range for UK-origin light iron scrap fell for the fourth week in a row in the period to Friday February 12, with British scrap export prices having been persistently low in the past few weeks.But a market bottom may have been reached because European export prices to the key destination of Turkey recovered late in the week, sources told Fastmarkets on Friday.The consistent fall in the UK...Read More

Zinc and lead prices continued on their upward trajectories on the morning of Friday February 12, which the nickel price fell by 1.3% on a day that is likely to see little trading due to the Chinese New Year. The three-month zinc price rose to $2,795 per tonne at 9am from Thursday's closing price of $2,789.50. It rose 2.4% on Thursday from the previous day, and its weekly gain is of around 6%. It...Read More

With Greater China on holiday, base metals trading on the London Metal Exchange has been quiet this morning, Friday February 12, with prices little changed and trading volumes light - but so far prices are holding up in high ground.The outlook for metals demand is strong, but could it be derailed by the global semiconductor shortage?Base metalsThree-month base metals prices on the L...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More

The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard...Read More

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it...Read More

Norway-based silicon and ferro-silicon producer Elkem has signed an agreement to acquire a new plant near Lyon, France, to produce highly specialized organo-functional silicones, the company said on Wednesday February 10.The exact purchase price has not been disclosed, although the final price 'is in the low double-digit millions of euros,' Elkem said.The company expects the plant to start product...Read More

The price of flat-rolled stainless steel in Europe continued to surge higher in the week to Friday February 12 on high raw materials costs and long delivery times, market sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?2,600-2,650 ($3,153-3,214) per tonne on Friday, up by ?,?10...Read More